JHG vs. APAM

Last updated Jun 3, 2026

JHG (Janus Henderson Group plc) and APAM (Artisan Partners Asset Management Inc.) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, JHG returned 9.57%/yr vs 11.26%/yr for APAM. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

JHG vs. APAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Janus Henderson Group plc (JHG) and Artisan Partners Asset Management Inc. (APAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHG achieves a 8.79% return, which is significantly higher than APAM's -2.94% return. Over the past 10 years, JHG has underperformed APAM with an annualized return of 9.57%, while APAM has yielded a comparatively higher 11.26% annualized return.

JHG

• 1D: 0.04%
• 1M: 0.29%
• YTD: 8.79%
• 6M: 19.08%
• 1Y: 45.51%
• 3Y*: 28.61%
• 5Y*: 10.45%
• 10Y*: 9.57%

APAM

• 1D: -0.08%
• 1M: 1.51%
• YTD: -2.94%
• 6M: -4.87%
• 1Y: 2.16%
• 3Y*: 12.94%
• 5Y*: 2.04%
• 10Y*: 11.26%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JHG vs. APAM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JHG Janus Henderson Group plc	8.79%	16.22%	47.54%	36.00%	-40.46%	34.18%	41.87%	25.86%	-43.21%	38.52%
APAM Artisan Partners Asset Management Inc.	-2.94%	2.72%	4.85%	60.26%	-31.31%	2.74%	71.01%	66.94%	-38.17%	45.24%

Correlation

The correlation between JHG and APAM is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 8, 2013	0.58

The correlation between JHG and APAM shifts across timeframes, from 0.50 (1 year) to 0.69 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

EPS JHG : $6.70 APAM : $4.04
PE Ratio JHG : 7.73 APAM : 9.23
PS Ratio JHG : 1.88 APAM : 2.14
Total Revenue (TTM) JHG : $3.17B APAM : $1.24B
Gross Profit (TTM) JHG : $2.26B APAM : $730.62M
EBITDA (TTM) JHG : $771.20M APAM : $499.32M

Return for Risk

JHG vs. APAM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JHG

JHG Risk / Return Rank: 90
JHG Sharpe Ratio Rank: 88
JHG Sortino Ratio Rank: 90
JHG Omega Ratio Rank: 92
JHG Calmar Ratio Rank: 89
JHG Martin Ratio Rank: 92

APAM

APAM Risk / Return Rank: 40
APAM Sharpe Ratio Rank: 43
APAM Sortino Ratio Rank: 36
APAM Omega Ratio Rank: 35
APAM Calmar Ratio Rank: 42
APAM Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JHG vs. APAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Group plc (JHG) and Artisan Partners Asset Management Inc. (APAM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	JHG	APAM	Difference
Sharpe ratio Return per unit of total volatility	2.09	0.09	+2.00
Sortino ratio Return per unit of downside risk	3.26	0.30	+2.96
Omega ratio Gain probability vs. loss probability	1.49	1.03	+0.46
Calmar ratio Return relative to maximum drawdown	4.57	0.08	+4.50
Martin ratio Return relative to average drawdown	14.30	0.16	+14.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JHG vs. APAM - Sharpe Ratio Comparison

The current JHG Sharpe Ratio is 2.09, which is higher than the APAM Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of JHG and APAM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	JHG	APAM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.09	0.09	+2.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.07	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.34	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.27	-0.27

Drawdowns

JHG vs. APAM - Drawdown Comparison

The maximum JHG drawdown since its inception was -92.68%, which is greater than APAM's maximum drawdown of -59.70%. Use the drawdown chart below to compare losses from any high point for JHG and APAM.

Drawdown Indicators

	JHG	APAM	Difference
Max Drawdown Largest peak-to-trough decline	-92.68%	-59.70%	-32.98%
Max Drawdown (1Y) Largest decline over 1 year	-9.86%	-21.92%	+12.06%
Max Drawdown (3Y) Largest decline over 3 years	-35.29%	-28.91%	-6.38%
Max Drawdown (5Y) Largest decline over 5 years	-57.36%	-45.68%	-11.68%
Max Drawdown (10Y) Largest decline over 10 years	-67.21%	-51.07%	-16.14%
Current Drawdown Current decline from peak	-29.96%	-15.21%	-14.75%
Average Drawdown Average peak-to-trough decline	-67.18%	-23.71%	-43.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	10.63%	-7.47%

Volatility

JHG vs. APAM - Volatility Comparison

The current volatility for Janus Henderson Group plc (JHG) is 0.46%, while Artisan Partners Asset Management Inc. (APAM) has a volatility of 5.46%. This indicates that JHG experiences smaller price fluctuations and is considered to be less risky than APAM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHG	APAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.46%	5.46%	-5.00%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	17.67%	-7.94%
Volatility (1Y) Calculated over the trailing 1-year period	21.89%	23.89%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.48%	31.01%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.18%	33.39%	+0.79%

Dividends

JHG vs. APAM - Dividend Comparison

JHG's dividend yield for the trailing twelve months is around 1.55%, less than APAM's 10.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APAM Artisan Partners Asset Management Inc.	10.61%	8.91%	7.34%	6.02%	12.36%	8.88%	6.73%	10.49%	14.43%	6.99%	9.41%	9.29%
JHG Janus Henderson Group plc	1.55%	3.34%	3.67%	5.17%	6.59%	3.58%	4.43%	5.89%	6.76%	1.67%	0.00%	0.00%

Financials

JHG vs. APAM - Profitability Comparison

The chart below illustrates the profitability comparison between Janus Henderson Group plc and Artisan Partners Asset Management Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

JHG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Janus Henderson Group plc reported a gross profit of 489.00M and revenue of 690.00M. Therefore, the gross margin over that period was 70.9%.

APAM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Artisan Partners Asset Management Inc. reported a gross profit of 127.00M and revenue of 303.00M. Therefore, the gross margin over that period was 41.9%.

JHG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Janus Henderson Group plc reported an operating income of 113.90M and revenue of 690.00M, resulting in an operating margin of 16.5%.

APAM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Artisan Partners Asset Management Inc. reported an operating income of 94.20M and revenue of 303.00M, resulting in an operating margin of 31.1%.

JHG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Janus Henderson Group plc reported a net income of 90.90M and revenue of 690.00M, resulting in a net margin of 13.2%.

APAM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Artisan Partners Asset Management Inc. reported a net income of 58.00M and revenue of 303.00M, resulting in a net margin of 19.1%.

Frequently Asked Questions

Can I hold both JHG and APAM in my portfolio?

JHG and APAM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JHG or APAM?

APAM has higher volatility (5.46%) compared to JHG (0.46%). In terms of maximum drawdown, JHG dropped -92.68% vs APAM's -59.70%.

Which has better risk-adjusted returns?

JHG currently has the higher Sharpe Ratio (2.09 vs 0.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.